Technical analysis by Reliable_Trading about Symbol PAXG: Sell recommendation (5/14/2025)

Yesterday, the US dollar index fell back due to the lower-than-expected US CPI data, giving up the gains of the previous day and currently maintaining above $100.Stimulated by the CPI data, gold reached a high of around 3260 last night, but still failed to break through this resistance level and then fell, which is consistent with my strategy yesterday.From the 1H chart, we can see that gold has now fallen below the trend line support, and the support has therefore turned into resistance.Therefore, if gold cannot break through and stabilize at 3240, there is a risk of testing 3200.Today's operation, I suggest paying attention to 3230-3240. As long as the trend line cannot be broken, you can short gold here, with the target first looking at 3220 and then 3200.As expected, gold rebounded to around 3240 and then fell, reaching the first target of 3220. Congratulations, friends who followed made money.Gold continued to fall again. Our short positions in the 3230-3240 range achieved good profits. Now the gold price has reached the final target of 3200. Congratulations again to everyone who copied my trades and made a lot of money.